A step by step guide on how to buy & store the Waves (WAVES) cryptocurrency

What is Waves?

The Waves platform allows users to create and transfer assets and custom tokens, such as fiat tokens that allows the transfer of fiat currency over the blockchain without volatility.

What are WAVES coins?

Waves are the 'gas' to run the system, being required to interact with the network.

Important note

This guide is not, and should not be regarded as 'investment advice' or as a 'recommendation' regarding a course of action.

How to buy Waves

Important: The links in this guide are correct as to the best of our knowledge. It is your own responsibility to double check that clicked links look correct in your browser bar, and that any wallet you install on your computer is from a legitimate source.

Note: Images can be clicked to see a larger version. If you're confused by any terms used, a glossary can be found here.

A pop-up will ask you if you'd like to 'Add WavesLiteApp'. Click 'Add app' to confirm.

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The Waves wallet has now been added to your browser.

Click the new Waves app icon that appears in your chrome window.

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Your wallet will now open. Click the button 'New Account'.

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Read the warning window that pops up, which explains how important it is to properly save the wallet seed you're about to be given.

Once you're ready, click 'I Understand'.

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The wallet will be displaying your private seed. It's very important to copy this seed somewhere safe and private (think multiple external hard drives and/or USB drives that you put somewhere safe). Anyone with access to this seed can open your wallet from any computer.

You're also given your wallet address. Be sure to copy this down too somewhere safe as we'll need it in a moment.

Enter your name...

... And a password for your wallet. Make this secure but also something you'll remember- you don't want to forget it and lose access to your coins/money!

Once you've put your password in twice, press 'Register'.

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Your new wallet will now be open.

You'll be shown a range of coins and currencies that can be stored in this wallet, but we're here for Waves, and you currently have none. So let's fix that.

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Now we'll purchase the popular cryptocurrency Ethereum, so that we can exchange it for Waves (if you already own Ethereum you can skip ahead).

Choose which Ethereum exchange you'd like to use (by clicking on the logo), and the guide will continue:

There are also some other exchanges (but without step by step guides) listed here.

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If you use this link to sign up to Coinbase we'll both receive ten dollars of free coins when you spend over $100 (or the equivalent in your currency).

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Press the 'sign up' button and fill out your name (make sure this is exactly how it's written on your photo ID), email, password and location.

Just like a US bank, Coinbase is regulated by the US government, and has to follow strict financial rules. So they take verifying your identity very seriously. It's a pain, but it does give Coinbase a reputation for being the most trusted way to convert fiat currency to cryptocurrency.

To verify your account you must supply a phone number, upload an image of your photo ID and verify a credit/debit card or bank account before you can buy.

Once the Ethereum shows in your 'available balance' we're ready to trade for Waves.

Click here to jump straight to the WAVES/ETH exchange market on Binance.

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The exchange page can look overwhelming at first, but don't worry, we're only going to use a small part of it.

There are two ways of buying coins:

A 'Limit' order, which lets you manually set the price at which you want to buy WAVES.

A 'Market' buy, which fills your order automatically at the best price available.

As market buy is the simpler of the two options we'll go with that.

Look for the big green 'Buy WAVES' button.

Above it, click the 'Market' option.

In the input box marked 'Amount' you now need to fill in how many WAVES you'd like to buy. It may be easier to use the percentage buttons below the input box- for example, press 50% if you'd like to exchange 50% of your Ethereum for WAVES.

When you're happy with the amount, press the buy button.

Your order will be filled immediately.

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Press 'Funds' along the top menu, then 'Deposits Withdrawals'.

In the search box, type WAVES. You will now see your new WAVES in your WAVES wallet.

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If you're comfortable with it, you could just leave your coins on Binance and they would probably be safe. However, exchanges have been hacked in the past, and people have lost coins, so we do recommend you keep them in a personal wallet. Here's how:

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